The long arm of Statutory Instrument 127 of 2021 (SI 127 of 2021) has reached one of Zimbabwe’s biggest retailers. In a memo to all branches, OK Zimbabwe will not be accepting USD payments because of the separation of receipts provision under SI 127 of 2021. Memoranda To: All Branches Att: All Branches, Financial Services, […]
Yesterday the government announced SI 127 of 2021 which put new rules and penalties of forex use. The Statutory Instrument looks like it was designed to stop businesses from pricing goods and services above the auction-rate more than anything else… The response by businesses as we saw in a tweet by journalist Hopewell Chin’ono is […]
Here are new regulations for forex use under SI 127 of 2021 which details penalties for businesses who infringe Foreign Exchange Act and Bank Use Act
If you have been around the stocks and trading scene for some time then the name Deriv isn’t anything new. The company, which was initially called Regent Markets in 1999 was established as an online trading platform with the goal of universal access. What is Deriv offering? Deriv, true to its mission, offers a range […]
Agilitee is a South African electric vehicle manufacturing company that specialises in electric motorcycles and scooters. The company last year embarked on a capital raising exercise and at the same time looking for prospective franchisees in Zimbabwe, Nigeria among other African countries. In an acceleration of events, it looks like Agilitee is now looking to […]
It’s 2021 and dollarisation 2.0 is in full swing so if you are earning or paying employees in foreign currency (USD) here are the PAYE or Pay as you Earn tax rates according to ZIMRA. PAYE (Pay As You Earn) is a way of paying income tax on salaries. The employer is charged with deducting […]
Straight from the horse’s mouth…
Is Apple cozying up to the Chinese government?
Man had a busy 2020…
The local merchant should not be left behind in the e-commerce boom.
Let the speculation begin…
In shock, to be honest
B2B Matchmaking and links into the EU.
There is just one niggle though…
Tecno is the G.O.A.T
5 lessons for Zim’s social entrepreneurs from the recently held Yunus East and Southern Africa business Forum for Youth Entrepreneurs
It never rains for Steward Bank…
A chance to pitch your ideas to Venture Capitalists and maybe win a cash prize
US$1.5 million up for grabs!
It had already begun…
Biggest solar crowd sale on the continent
Cool designs but money talks at the end of the day
Now you know the cost of rounding off some edges.
Tax man cometh part II
The taxman cometh
91.019% listed with nearly 60 million classified as other.
Spotify came and it seems more will follow.
Operating costs inclusive of foreign exchange losses are still a massive problem for the MNOs